originator

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n.

One who originates.




1. bank, savings and loan, or mortgage banker that initially made the mortgage loan comprising part of a pool of mortgages.
See also pass - through certificate.


2. investment banking firm that worked with the issuer of a new securities offering from the early planning stages and that usually is appointed manager of the underwriting syndicate.


3. in banking terminology, initiator of money transfer instructions.

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(DOD) The command by whose authority a message is sent. The responsibility of the originator includes the responsibility for the functions of the drafter and the releasing officer. See also releasing officer.

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originator

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pronunciation

IN BRIEF: One who brings something into existence.

pronunciation She was known as the originator of Double Sticky Yum popcorn balls.

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